Member Info for Hydras

Looks like a farm in partner for WN has been found. Big oiler I would guess. Wait for the fireworks to start? Must be a buy now, if it is confirmed.

I can't see EG, Ireland or Serenity going anywhere anytime soon. Waste of time and money. WH needs to rethink EOG strategy big time to save his job.

I fully agree Aimshame, the present BOD have more than enough time and spent more than enough money on useless, none cash generating, pie-in-the sky, over the rainbow type, ultra high risk investments which are not in the same league as EOG financially. They have to change strategy big time and take a leaf out of UJO book and go for far less risky, very near term cash generation which will provide real revenue returns within months rather than chasing blockbuster projects which take years and years to get off the ground at a massive cost . They have now wasted well over £7 million of the Wressle money on Serenity and EG and Ireland with not a hope in hell of getting any return on these stranded useless assets in the next 5 years, which may look good on paper but no one seems to want? Learn a lesson EOG BOD, invest in something that will provide a concrete return on your investment near term or get into bed with or merge with a larger oiler who can afford to develop the asset rights that are held by EOG. Present strategies are NOT working and soon the company will run out of cash as Wressle will not last forever!! WH watch out at next AGM.

Serif, I would expect the Wressle flow rates to steadily decline from 600 bpd through February and March to around 500 bpd at best and April again drop to approx 450 bpd as predicted by the GC report which has proven to be fairly accurate to date. So WH ought to get his skates on as the spare cash for future development will soon disappear. Another source of income is desperately needed to keep the company afloat. I don't see anything else on the horizon so Outlook is pretty dire and needs urgent attention!!

It seems all the revenue earned by Wressle, possibly in the order of 180 bpd, to give EOG an average income of about 180x75x30 $ = 400 $ per month, is near enough splurged on directors and employees astronomical wages, expenses for directors, HEYCO costs for work on site, renewal of licences, press adverts, etc. So that doesn't leave a lot for any future development work. If they want to develop the future of the company it will almost certainly mean more millions of shares issued at a price of around 0.7p as far as I can see. Ireland will not go anywhere and neither will EG. They must change direction to more certain oil and gas assets which are producing now or about to produce or form a merger with a large oiler with money to develop the fields that EOG have the rights to. WH needs to change his strategy otherwise EOG will be going nowhere with Wressle just paying the directors wages and vast expenses. Not good to look at, from outside the company.

Pboo, yes GC were quite correct it seems, even though UJO management said that the Wressle W1 was performing much better than predicted. Whoever is preparing the 2023 EOY accounts have seen the true figures and predictions for 2024 and word has leaked out as it normally does. Why didn't DB inform the shareholders by RNS of this change in flows when he was told by HEYCO? MAL ADMINISTRATION BY UJO DIRECTORS???? Not good sign for the future. The shareholders should have learnt when he didn't inform the shareholders immediately when water breakthrough first occurred at Wressle, it took DB over 3 months before he actually admitted to shareholders what everyone in the site team knew!! Not a good ship to be onboard ?? May drop again on lack of transparency and trust of Directors, whatever shareholders get told about Andrew1 being a great find ??

SP dropping like a stone. Bad news leaking out obviously and has spooked the market. If rumours say the flow rates are that poor then obviously there are some investors out there, that know from friends of Directors and HEYCO employees the real Wressle oil production, and naturally are offloading shares desperately before they go lower? If it is now about 500BPD then that is only around 200BPD for UJO and at approx $70 PB net to UJO income, over 90 days is around 90x70x200 = $1,260,000 = £1 million approx since Jan 1st ??? Big drop in income from the cash cow Wressle and could drop more during the year. Not a pretty picture as possible total Wressle income for 2024 at around £4 million?? No dividends or buy backs from that income? Need Andrew1 to be a great success for sure!!

DB's mouthpiece granddaughter preparing the shareholders for the worst at Wressle with the following statement.

"for those who appear to be very vocal on the bulletin hoards about wressle, the flow rate will surely be intermittent as it is still under test conditions from what i can glean and will be adjusted and readjusted to counter water ingress. i did not see a sizeable water storage tank in the pictures taken there recently which is good to note."

What a give away by K9 saying "from what I can gleen" . That points to an average flow rate far, far lower than that given in the RNS, over an unspecified period (a misleading peak value I would expect). Still testing!! Who are they trying to kid, themselves no doubt? From what K9 has said, reading between the lines, my guesstimate would be that the average flow rate of pure oil produced from Wressle from January 1st 2024 to now will be in the order of 450 and 550 BPD ? All IMO. We shall see for sure after Easter break ? Anyone worked out the cost for the next development phase at Wressle yet? How many millions to complete? Pay back time? Shareholders dividend returns to be included in costing? Nothing has been seen to confirm the development is worthwhile?

Just responding to comments on Zephyr Energy by CT. No BB law against responding to remarks made to me directly is there? Why doesn't someone count the number of oil tankers leaving the site ? Easy enough to do, it is not rocket science? It's a quite road to the site? You should know approximately next week if HEYCO have submitted the figures properly.

Hope you invested in Zephyr when they were 3.5p ? The shares have been rising ever since and touched 5p today prior to profit takers moved in. Plenty of action there! Nice rise after last week's rise. Only trying to provide help so you could possibly recover any losses you may have had but please DYOR always before investing in anything at all. I am not a professional tipster by any means, just trying to make a bit on the side and last couple of weeks have been great for Zephyr Energy. DB needs to be honest and come clean with what is happening at Wressle. If everything is OK why doesn't he say so?? Not up to me to tell you, you must do your own research and input your gut feeling also, particularly on the reason for his silence?

I would love to see the estimated costs for all this proposed work at Wressle and timescalesinvolved! It would be great to see the pay back period after it is fully commissioned. What will the poor old shareholders take home out of the profits after paying back the costs. Formal publication of these financial investment implications details and the actual returns expected for shareholders along with timescales planned, are of critical importance if LTS are to make a decision to stay on board UJO. Or will the only shareholder payback be, to only just manage to keep paying the fat wages of the Directors for the next few years?? Meat on the bones please DB, not just high level waffle and clichés, what will the shareholders get out of this project , do your job properly??

Well said Kawasaki, I fully agree. DB is hanging all the LTS out to dry, whilst hoping and praying the American glossy adventure, conducted by the Dodgy Del Boy and Desperate Dan Drilling Incorporated, in their yellow 3 wheeler Robin Reliant, can produce 75 BPD of oil for a couple of years to soften the blow from the drastic drop in Wressle production (and income for the 3 partners) and continuing inaction at any of the UK sites. HEYCO not budging on any Drilling without more money for the site work and RBD waiting for a big oiler farm in to pay for WN. Movement this year will be a miracle? Do they happen, let's see!

The SP is the answer to the poll. More sells than buys every day. The sellers are in the know (The Directors mates, EOG, HEYCO, IMO) and obviously they are being given the chance to get out while the going is good, before everyone else knows officially by the RNS announcement?? You haven't seen any big buyers of the shares for a long long time?? Something stinks but DB let's it become putrid and blames everyone, except himself of course ? No Rabbits here, unless RBD unveils the interested partner for the WN development??? Whooops! Abracadabra ha ha! You can dream, then wake up to reality and smell the stench.

Yes, eerily quiet today on the board for a change. The Bopsy twins must have taken Heid on a recuperation holiday!! I can't see any improvement at all in the continuing slide in the SP until Wressle flows are announced and obviously that's the key as indicators (DYOR oil tankers per day) are that they are not good at all! The American investment is just a side show at present with big risks attached and burning Wressle earned cash. Until DB builds up enough courage to own up to the truth and be honest about the situation at Wressle and the debacle of delays at the other UK sites the SP ain't going anywhere positive and will continue to drift aimlessly like the Directors, IMO. On a positive note Zephyr Energy is doing well again this week!! Hope you're invested?

So transparent K9 that I had to share the tip of my holding with you and CT before you knew. How satisfying it was. Hope it was for you both too?

Anyway wish you luck with Fred Clampet and his crew from the Beverly Hill Billy's because I am sure it will be a gusher. Enough to just to keep paying the wages of the Directors anyway.

Why else would you waste your precious time writing on this BB. Fits the bill, look what they have employed in America - Desperate Dan from Beano and Del Boy from Dodgy Dealers to drill down 5000 feet in 10 days and start producing oil. Looks like they are late getting the spud underway. Sign of things to come no doubt. Must keep an eye on things as it provides me with a really good laugh, if nothing else. Certainly good, free entertainment!!

Pboo. That's why they are employed in the PR role for DB. Because they are thick and don't ask challenging questions. They just put a bit of PR gloss on everything . Keep polishing the turd girls, grandad will love it.

I can't see the yellow 3 wheeler Reliant Robbin parked up anywhere, must be around the back out of site, But I am sure that is Del Boy in the office. DD must stand for Dodgy Dealers? Beyond a joke for all shareholders I would say!!

If you are thinking of taking a risk of investing your hard earned money in America, instead of investing in UJO who are now starting to fish around for second hand scraps of oil in Bowlegs, try a punt on Zephyr Energy who are in direct control of their own destiny and timescales, without relying on a third party to manage the projects. Just made a packet this week on that share with the sp rising rapidly on the start of a spud for the second time around. Do your own checks of course but to my reckoning Zephyr could double at least in the next month and we are talking about a really big field, not like the poultry 75bpd for a couple of years or so. Go with the experts that are in direct control not the go betweens. DYOR please!! Even when UJO spud in America for the first well, can't see the sp moving much, it isn't a massive game changer, until a big oil field is found and the chance of that is like being killed by a lightening strike!! Good luck punters.

Extremely sorry to hear about your son. I am sure no one on this BB knew about that. Maybe it would be better if you did not use social media during this awful time as people are totally unaware of your terrible family situation!! Truly extremely sorry.